NCL Corporation Limited, founded in 1966 and based in Miami, Florida, is a prominent cruise line operator known for its innovative approach to the travel industry. The company provides a range of cruise services across popular destinations, emphasizing a freestyle cruising experience that allows guests flexibility in their onboard activities and dining.
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NCL Corporation has issued bonds since the early 2000s, with notable issuances that include a $1 billion bond offering in 2018, aimed at refinancing existing debt and funding fleet expansion. As of October 2023, the company's bonds exhibit yields in line with industry averages, reflecting a stable credit rating amid the evolving travel landscape. Recent news includes plans for a new class of ships which may lead to additional bond issuances, potentially appealing to investment-grade investors.